Production and shipments of rubber goods in Japan remain in low gear. According to Japan’s Ministry of Economy, Trade and Industry, the shipment value of rubber goods in May 2016 decreased by 4.6 percent year on year to 164.5 billion yen ($1.57 billion), the 11th consecutive month of year-on-year decline. Production and shipments of major rubber goods such as tires,...
Market Background
Production and Shipments of Rubber Belts and Hoses for May Continue Declining Trend
Rubber belt production for May totaled 2,003 tons in terms of new-rubber volume, down 3.6 percent from the same month of the previous year, while shipments were valued at 5.6 billion yen ($53.01 million), up 0.6 percent from the previous May. It was the 13th consecutive month of decline in production volume and the first year-on-year increase in shipment value...
Tokai Carbon to Increase Price for Carbon Black on Rising Oil Prices
Tokai Carbon Co. Ltd. (TYO:5301) announced on July 13 that it will increase the price at which it sells carbon black by 6.5 yen per kilogram for deliveries beginning Aug. 1. The change will apply to all varieties of carbon black the company sells in Japan. In its announcement, Tokai Carbon explained that the price of crude oil used to...
Synthetic Rubber Down 5% for April, NBR up 10%
According to data collated by the Synthetic Rubber Industry Association of Japan, synthetic rubber production for April 2016 totaled 125,700 tons, a year-on-year decline of 4.6 percent. It reflects the slump that has occurred with domestic manufacturing of automotive rubber parts and general industrial rubber products. Outside of NBR, which had a 10.3 percent increase in production volume, with 9,398...
May Automobile Production Shows First Year-on-Year Increase in Two Months
The Japan Automobile Manufacturers Association (JAMA) announced that automobile production volume in Japan for May 2016 totaled 656,814 units, an increase of 1.7 percent compared to the same month of the previous year and the first year-on-year increase in two months. Looking at production volume by vehicle type, passenger cars totaled 554,070 units, up 2.8 percent for the first increase...
Chinese Rubber Industry to Introduce Tire Labeling System
The China Rubber Industry Association (CRIA) has revealed that the planned labeling system showing a tire’s environmental performance characteristics at a glance will be implemented starting on Sept. 15, 2016. Comprising a grading scheme and a set of labeling management regulations, the system ranks tires as fuel-efficient “Green Tires” when specified standards for rolling resistance, wet grip and noise are...